Is Columbia Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Columbia Township has remained a Seller's Market.
Housing Prices in Columbia Township, MI
How much do homes in Columbia Township, MI cost?
Median Sold Price
$304,550
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Columbia Township was $304,550 in February 2024, up 9.9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | - | N/A |
2 Bedrooms | $177K | $240K | +35.6% |
3 Bedrooms | $277K | $276.1K | -0.3% |
4 Bedrooms | $306K | $435K | +42.2% |
5+ Bedrooms | $606.6K | $485K | -20.0% |
Summary: Columbia Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 42.2%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
Cement City | $175K | $290K | +65.7% |
Cement City | $229.5K | $297.5K | +29.6% |
Brooklyn | $249.9K | $283.5K | +13.4% |
Columbia Township | $277K | $304.5K | +9.9% |
Housing Supply in Columbia Township, MI
How many homes are available in Columbia Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
37 | 38 | +2.7% |
Summary: The Columbia Township real estate market had 38 homes for sale in February 2024, a 2.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Columbia Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Columbia Township in February 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Columbia Township, MI
How long does it take to sell a home in Columbia Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
75 Days | 88 Days | +17.1% |
Summary: Homes in Columbia Township had an average of 88 days on market in Feb 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in Columbia Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.